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← Tower Hamlets Council For Voluntary Service

2025-03-31-accounts

Company No. 07251141

Charity No. 1137143

Tower Hamlets Council for Voluntary Service Ltd

(A Company Limited by Guarantee)

Report and financial statements For the year ended 31 March 2025

Contents page
Reference and administrative information 1
Trustees’ annual report 2 - 13
Independent examiner's report 14
Statement of financial activities 15
(incorporating an income and expenditure account)
Balance sheet 16
Statement of cashflows 17
Notes to the financial statements 18 - 25

0

THCVS Trustees’ Report For the year ended 31 March 2025

Reference and administrative information

Company number:
Charity number:
Administrative Office:
Telephone:
Email:
Website:
Trustees:
Chief Executive:

Independent examiner:
Bankers		 07251141
1137143
Until 28 February 2025: Unit 3.10, The Green House, 244-254
Cambridge Heath Road, London E2 9DA.
From 1 March 2025: St Hilda’s East Community Centre,
18 Club Row, E2 7EY.
07377 998670
info@thcvs.org.uk
www.thcvs.org.uk
Femi Akindeji (appointed 7 November 2024)
Haydor Ali (Treasurer)
Dayna Ambris (appointed 7 November 2024)
Danielle Cargill (resigned 30 April 2024)
Zoe Eccles (Vice Chair from May 2024)
Eleanor Healy-Birt (Chair, resigned 30 April 2024)
Chris Ley (Vice Chair until May 2024)
Taraash Gautaum (Resigned 30 April 2024)
Shipon Miah (Resigned 23 September 2024)
Michael Omolola (appointed 7 November 2024)
Jama Omar (appointed Chair May 2024)
Mike Smith (resigned 30 April 2024)
Selina Uddin
Vicky Scott
Morlai Kargbo, FCCA
Moracle Limited, Chartered Certified Accountants &
Registered Auditors
Ashley House, Ashley Road, London, N17 9LZ
Unity Trust Bank PLC
Nine Brindley Place, Birmingham, B1 2HB

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THCVS Trustees’ Report For the year ended 31 March 2025

TRUSTEES’ REPORT

The Trustees of Tower Hamlets Council for Voluntary Service (THCVS) are pleased to present their report and financial statements for the year ended 31st March 2025. Trustees, who are also Directors under company law, confirm that the financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

OUR AIMS AND OBJECTIVES

The activities of the Charity are determined by the Trustees in line with the Objects of the Charity, which are:

To promote any charitable purposes for the benefit of the public, principally but not exclusively in the local government area of Tower Hamlets and its environs (hereafter called the “area of benefit”) and, in particular, build the capacity of third sector organisations and provide them with necessary support, information and services to enable them to pursue or contribute to any charitable purposes.

To promote, organise and facilitate co-operation and partnership working between the third sector, statutory and other relevant bodies in the achievement of the above purposes within the area of benefit.

Principal activities

The principal activities of the Charity are to act as the ‘umbrella’ or resource organisation for the charities, community groups, voluntary organisations and social enterprises operating in Tower Hamlets. We do this by: maintaining a broad membership of affiliated and locally based community and faith groups, charities, voluntary enterprises that reflect the make-up of local communities; advocating for and representing our membership and the wider community of locally based third sector organisations and social groups on strategic partnerships with statutory and other agencies; and providing a range of services to support the setting up, running and development of member organisations, including providing information, advice and practical support on a range of issues. For example, securing funding, improving governance, management and creating partnerships.

Public benefit

We refer to the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning the future activities of THCVS.

All our services fulfil the public benefit requirement and are provided for free to locally based community and faith groups, charities, voluntary enterprises for the benefit of individuals and communities across the London Borough of Tower Hamlets.

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THCVS Trustees’ Report For the year ended 31 March 2025

ACHIEVEMENTS AND PERFORMANCE

Our activities in 2024/25

On 30 April 2024 we launched a new 5-year strategy, with a new business plan and fundraising strategy. The strategy set out three strategic priorities:

Objective 1: Voluntary and community groups in Tower Hamlets will have a stronger

voice. To achieve this we will:

Objective 2: Voluntary and community groups in Tower Hamlets will have access to the resources they need. To achieve this we will:

Objective 3: Voluntary and community groups in Tower Hamlets will have increased confidence, connections and skills. To achieve this we will:

NAVCA LIQA award

In November 2024 we were awarded the NAVCA Local Infrastructure Quality Accreditation. This is a testament to the work that the team has put in, and the efforts they continue to make to support the voice of voluntary & community groups in Tower Hamlets. The assessor recognised the ‘strong & compelling’ evidence for strong stakeholder relationships and for THCVS as an ‘embedded & trusted partner’, and noted our extensive work to address health inequalities and our ‘valuable and insightful’ learning. They noted that THCVS is a ‘trusted player’, and that “the change made by THCVS projects such as Disparities, Flourishing Communities and Cornerstone is palpable and can be felt by participants”. They acknowledged that our services were open and welcoming, and that VCS groups felt ‘valued’.

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THCVS Trustees’ Report For the year ended 31 March 2025

Office move

In March 2025 we moved from Bethnal Green to a new office in Shoreditch, in St Hilda’s East Community Centre, where we also held a staff and trustees away day in February 2025.

Membership

We currently have a membership of 454 organisations.

1-1 support

Over the year we have supported 103 organisations or individuals with 134 support sessions. We have data for the last 6 months of the year that show the following breakdown in subject matter for these sessions.

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THCVS Trustees’ Report For the year ended 31 March 2025

Whilst there is a drop from the previous year in the amount of 1-1 sessions concerned with funding (due to the Mayors Grants Programme taking place in 23-24) it still makes up nearly half of the demand for our 1-1 support. We have seen an increase in requests for advice around governance and starting a new organisation. Increasingly our 1-1 development support is becoming focused around community development and supporting individuals who are wanting to organise and run projects in their community.

Organisational health

We began the implementation of a new organisational health check survey during this financial year. This is aimed to be less of a checklist and more of an analysis of how founders and leaders feel about the organisation they work in and its strengths, needs, and challenges. Initial results of this survey suggest that some of the areas of most concern to our members include:

This supports our experience of working with small VCS organisations and is directing how we focus our support.

Thanks to your help, I feel much more confident in my ability to navigate the platform effectively. This growth in my skills means so much to me, as it enables us to ensure that local women can access their newsletter seamlessly and stay connected to vital updates.

THCVS provided support with developing a newsletter

I wanted to take a moment to extend a heartfelt thank you for all your assistance with the funding application for the Mayor’s Small Grant. I’m thrilled to share that we have successfully received the funding, and we deeply appreciate all the support you provided throughout the process.

THCVS provided support with a small grant application:

Networks and partnership

We continued to facilitate a variety of networks and partnerships in Tower Hamlets including:

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THCVS Trustees’ Report For the year ended 31 March 2025

Community Sparks

This project supports community action in Poplar. Along with support and training for local people and existing community groups there is a small grants funding pot of £20,000 available. The project was officially launched at Neighbours in Poplar on 14 February 2025 with a group of local people.

Premises

On 18 March 2025 we hosted a VCS Premises Forum. At this meeting we heard more about some issues with leases and collectively developed a series of asks of the council, set out in a report sent to CEO Steve Halsey detailing 10 case studies. The asks included:

Community resilience project

This project is a collaboration between THCVS, Volunteer Centre Tower Hamlets, the equalities networks in Tower Hamlets and VCSquared in the City of London. The project looked at the different voluntary, community, faith and social enterprise networks and structures there are in the borough and ways that information can be shared in the event of an emergency, as well as spaces that could potentially be used as rest centres / staff and volunteer HQs, spaces for storing donated items etc. We focused on groups with a particular protected characteristic that we know are less prepared or more at risk, as well as challenges in areas of the borough which may have fewer voluntary and community groups or less infrastructure such as community buildings.

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THCVS Trustees’ Report For the year ended 31 March 2025

Cornerstone project

Cornerstone is a partnership between THCVS and six voluntary and community groups.

This two-year project, funded by The National Lottery, aims to influence more inclusive decision-making across public sector agencies in Tower Hamlets. The project has created a model of voluntary sector partnership for public sector bodies wanting to work with local communities to address inequalities within policy making services. Its continuing goal is to ensure that all residents benefit from improved planning and decision-making that better reflects the experiences and needs of disadvantaged and marginalised communities across London.

The project delivered a good practice guide for equality impact assessments.

Neighbourhood Forums

The project aims to build a sustainable place-based approach to addressing the health needs of communities, and to develop structures to embed resident voice in health-related decision making at a local level. We held the first two Neighbourhood Forums on 29 April and 2 May 2024 at the Brady Centre and Women’s Inclusive Team respectively. They were a huge success, with over 80 residents attending across the two events and a number of health professionals. There was a visual notetaker at each event, with this result for one of the meetings:

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THCVS Trustees’ Report For the year ended 31 March 2025

Inclusive grants research

We surveyed Tower Hamlets funders, in conjunction with London Funders. The findings were presented at the Tower Hamlets Funders Forum on 3 March 2025, and work is ongoing to develop actions. 15 funders completed the survey. Those funders received 1047 applications from voluntary and community groups in Tower Hamlets in the last financial year. There were widely varying success rates (averaging 60%) but only 118 small groups (under £100,000 turnover) were successful. The main reasons that groups were not successful were:

Flourishing Communities

Flourishing Communities is a partnership between Limehouse Project, Praxis, Women’s Inclusive Team and Tower Hamlets CVS, addressing the health inequalities experienced by Global Majority women accessing sexual and reproductive health care. Each organisation recruited and supports a steering group of women to ensure that their voice is central to the work of the project. Some of the women were trained as Community Champions to deliver awareness raising sessions on cervical screening. The project is funded by the National Lottery Healthy Communities programme, and won a THT Staff Integrated Care Award 2025.

The partners collaborated with Primary Care Networks (PCNs) to discuss and find solutions with GPs and practice staff. PCN’s advertised their services to VCFSE organisations, enabling the women to access websites that they did not know how to navigate. Closer working relationships between the PCNs and the VCFSE were developed to address improved patient outcomes and 5 women gained employment. The project has also collaborated with maternity services to bring services into trusted community settings to enable women to feel confident to ask questions when they are at their appointments. This is part of building women's health literacy.

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THCVS Trustees’ Report For the year ended 31 March 2025

The partners developed a set of health literacy resources including a set of personas a set of question sheets and an eco system map, to support health professionals to better understand the needs of women and for commissioners to understand the gaps in provision. They also produced tools for working with the health system and developing culturally sensitive services. The steering groups continue to meet to oversee the programme. The champions have also been trained in maternity awareness specifically gestational diabetes, breast awareness, menopause and contraception. They are continuing to raise awareness in communities to build trust with health services.

A key part of the project has been influencing decision making, and women involved have attended the place-based partnership to share their lived experience of maternity services. The partners have also attended the borough scrutiny committee to profile the work of the project and share their lived experience of maternity services.

VCFSE Collaborative

The North East London Voluntary, Community, Faith and Social Enterprise (VCFSE) Collaborative works closely with NHS North East London to provide strategic input and representation for the VCFSE across NEL and ensures a two way flow of communication from VCFSE to the ICB.

Tower Hamlets CVS is the host for the NEL VCFSE collaborative, led by the Partnership Development Director, and convenes 12 representatives across North East London. These representatives form of seven place-based members and 5 thematic members, with an additional member from NEL ICB.

Together they meet monthly to provide strategic support to VCFSE across NEL by working closely with NEL ICB on advocating for the sector as well ensuring further equity in collaboration and integration. This is especially important in the current context of health and care changes, and the upcoming 10 year health plan.

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THCVS Trustees’ Report For the year ended 31 March 2025

Key highlights to date have been recruitment of our representatives and embarking on our work to develop a strategy and a state of the sector report which will be published in Summer 2025.

Partnership working

The Health Determinants Research Collaborative (HDRC) is a partnership between the local authority, three local universities and THCVS. The aim is to make the London Borough of Tower Hamlets an organisation which works closely with local people to collate, build and use research to make decisions and shape policy so that its local communities can live longer and healthier lives. THCVS leads the public involvement workstream. This year we delivered co-production training to the partners, worked with the other workstreams to identify opportunities for co-producing with voluntary and community groups and residents. We connected voluntary and community groups with the housing showcase and connected voluntary and community groups with academics for research applications, as well as linked developing the Hidden Voices in Health series and continuing to raise awareness with residents. We reviewed and developed a reward and recognition policy and supported an Influence and Impact Workshop.

We worked with the health system , actively contributing to Tower Hamlets Together and hosting a regular Health and Wellbeing Forum. We started a co-produced health inequalities project on domestic abuse and mental health with 12 different voluntary and community groups.

We worked with public health to develop a resident panel, working with 30 residents to influence health promotion materials.

We supported Queen Mary University of London to develop the East London Civic Action Network , with the first event at Redbridge Town Hall in September 2024, ‘Building Health Equity in East London’, which brought together researchers and voluntary and community groups from across East London.

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THCVS Trustees’ Report For the year ended 31 March 2025

Tower Hamlets Island Community Network is a grassroots network made up of local organisations, key individuals, young people and statutory partners. Its key objective is to reduce youth violence on the Isle of Dogs. The core partners are Streets of Growth, Osmani Trust and Spotlight, with THCVS involved as part of the wider partnership. This year the programme received further sustainability funding from the Mayor of London’s Violence Reduction Unit. THCVS has facilitated a number of meetings with residents, young people and stakeholders on the Isle of Dogs to better understand need and priorities and from that developed a business plan and fundraising strategy.

The Better Bethnal Green programme is funded by the Mayor of London’s Violence Reduction Unit, and the core partners are Streets of Growth, Osmani Trust and Spotlight, with THCVS involved as part of the wider partnership. The aim is to reduce youth violence in Bethnal Green. This year THCVS has contributed by:

Plans for the future

2025 - 2026 will see THCVS focus more on working with voluntary and community groups working with children, families and young people. We will continue our hyper local approach and pilot participatory grant-making projects. We will continue to advocate for integration, recognition and funding for voluntary and community groups in the emerging neighbourhoods health strategy. We have plans to cement and build on the support we offer VCS groups in Tower Hamlets through the development of online resources (commissioned by the London Borough of Tower Hamlets) and building our 1-1 support offer.

FINANCIAL REVIEW

During the year, total income was £991,857 (2023-24: £972,362) and total expenditure was £848,052 (2023-24: £887,657), resulting in a surplus of £143,805 (2023-24: £84,705),

In this year we were funded to support voluntary and community groups to engage with health services under a contract with Tower Hamlets Together. We received funding from the National Lottery Communities Fund for the Cornerstone and Flourishing Communities projects. NIHR funded the Health Determinants Research Collaboration, and the Mayor of London’s Violence Reduction Unit funded Better Bethnal Green and Tower Hamlets Island Community Network. We also received funding from the London Borough of Tower Hamlets for the Equalities Hub, as well as receiving a commission to develop 15 online resources (to be published in 25/26). The Community Sparks project was funded by the Charity of Sir Richard Whittington and Wakefield Tetley Trust.

As at the year-end, total bank and cash balances were £560,342 (2023-24: £611,466). The unrestricted reserves were £175,557 (2023-24: £216,733). Restricted reserves were £245,338 (2023-24: £60,357).

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THCVS Trustees’ Report For the year ended 31 March 2025

Managing Risk

The Charity’s Trustees are responsible for managing risk, with relevant risks and mitigations considered when taking decisions on proposals presented to the Board

Reserves policy

The Trustees have adopted a reserves policy taking into account the key risks facing the organisation. Both cash flow and reserves are regularly monitored by the CEO and Treasurer and updated to reflect a true representation of current operating costs at all times.

Trustees have therefore agreed a policy of maintaining a minimum of unrestricted reserves of £70,000 to cover the risks outlined above.

At the year-end, unrestricted reserves that were not designated amounted to £175,557 (2023-24: £216,733).

Going concern

The Trustees of THCVS understand and foresee that the charity has sufficient, easily accessible resources available to meet all of its liabilities as they fall due and to continue to meet them in the short to medium term.

STRUCTURE, GOVERNANCE AND MANAGEMENT

THCVS is a registered charity (1137143) and a company limited by guarantee (07251141). Our governing documents are the Memorandum and Articles of Association, adopted on the 12 April 2010. THCVS’ articles of association allow for the charity to appoint between five and 15 Trustees at any one time. A third of Trustees must stand down by rotation at each Annual General Meeting and may be re-elected for a maximum of four further terms. THCVS Trustees have continued to meet every two months to keep track of activities and plan ahead. Meetings are held on an online and in-person basis. Trustees continue to delegate the day-to-day management of the organisation to the Chief Executive Officer.

Related parties and relationships with other organisations

THCVS has one subsidiary company, THCVS Trading Ltd. There was no financial activity within the subsidiary in 2023/24, which also has a nil balance sheet. There were no other related party transactions during the year.

STATEMENT OF RESPONSIBILITIES OF THE TRUSTEES

The Trustees (who are also directors of charitable company for the purposes of company law) are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

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THCVS Trustees’ Report For the year ended 31 March 2025

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other Irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website.

Small company exemptions

For the year ending 31/03/2024 the Company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. THCVS members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

Trustees recognise their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Independent examiners

Moracle Limited was re-appointed as the independent examiners of the charitable company during the year and have expressed their willingness to continue in that capacity.

The Trustees’ annual report has been approved by the Trustees on 5 September 2024, and signed on their behalf by:

…………………………………….

Haydor Ali, Treasurer

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Tower Hamlets Council for Voluntary Service Ltd

Independent Examiner’s Report

Year ended 31 March 2025

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satis+ied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I con+irm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Tower Hamlets Council for Voluntary Service Ltd as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Morlai Kargbo, FCСА

960 Capability Green Luton LU1 3PЕ Date : 30 October 2025

Page | 14

Tower Hamlets Council For Voluntary Service Ltd Statement of Financial Activities ( including Income and Expenditure account) For the year ended 31 March 2025

Funds
Notes
£
Income and endowments from:
Charitable activities
To promote and train for public benefit
3
205,614
Investment income
4
881
Total income
206,495
Expenditure on:
Charitable activities
To promote and train for public benefit
5
247,672
Total expenditure
247,672
6
(41,177)
Transfers between funds
-
Net movement in funds
(41,177)
Reconciliation of funds:
Total funds brought forward at start of period
216,734
Total funds carried forward at end of period
175,557
Unrestricted
Net income / (expenditure) before
transfers		 Funds
£
785,362
-
785,362
600,380
600,380
184,982
-
184,982
60,356
245,338
Restricted		 Total
2025
£
990,976
881
991,857
848,052
848,052
143,805
-
143,805
277,090
420,895		 Total
2024
£
972,305
57
972,362
887,657
887,657
84,705
-
84,705
192,385
277,090

The Statement of Financial Activities includes all gains and losses recognised in the year.

The attached notes form part of these financial statements.

Page | 15

Tower Hamlets Council For Voluntary Service Ltd Balance sheet As at 31 March 2025

Company no. 07251141

2025 2024
Notes £ £ £
Fixed assets
Tangible assets 9 2,330 2,878
Current assets
Debtors 10 75,366 38,945
Cash at bank and in hand 560,342 611,466
635,708 650,411
Liabilities
Creditors:
amounts falling due within one year 11 (217,143) (376,199)
Net current assets 418,565 274,212
Net assets 420,895 277,090
Funds:
Restricted funds 13 245,338 60,357
Unrestricted funds
Designated funds 13 - -
General funds 13 175,557 216,733
175,557
Total charity funds 420,895 277,090

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirments of the Companies Act 2006 with respect to accounting records and preparation of accounts.

The financial statements have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

Approved by the trustees on 2025 and signed on their behalf by:

Haydor Ali, Trustee

The attached notes form part of the financial statements.

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Tower Hamlets Council For Voluntary Service Ltd Statement of cash flows For the year ended 31 March 2025

Cash flows from operating activities
Cash at bank and in hand
a
Total cash and cash equivalents
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Analysis of cash and cash equivalents
Cash flows from operating activities
Net cash provided by operating activities
Cash flows from investing activities:
Interest receivable
Purchase of fixed assets
Net cash provided by / (used in) investing activities
Net income for the reporting period
(as per the statement of financial activities)
Depreciation charges
Investment income
Decrease/(Increase) in debtors
Increase in creditors
Net cash used in operating activities		 £
£
143,805
1,965
(881)
(36,421)
(159,056)
(50,588)
£
£
(50,588)
881
(1,417)
(536)
(51,124)
611,466
560,342
At 1 April
2024
Cash flows
£
£
611,466
(51,124)
611,466
(51,124)
2025
2025		 £
£
143,805
1,965
(881)
(36,421)
(159,056)
(50,588)
£
£
(50,588)
881
(1,417)
(536)
(51,124)
611,466
560,342
At 1 April
2024
Cash flows
£
£
611,466
(51,124)
611,466
(51,124)
2025
2025		 £
£
84,705
2,060
(57)
104,371
136,499
327,578
£
£
327,578
57
-
57
327,635
283,831
611,466
Other non-
cash
changes
At 31
March
2025
£
£
-
560,342
-
560,342
2024
2024		 £
£
84,705
2,060
(57)
104,371
136,499
327,578
£
£
327,578
57
-
57
327,635
283,831
611,466
Other non-
cash
changes
At 31
March
2025
£
£
-
560,342
-
560,342
2024
2024
At 1 April
2024
£
611,466		 Other non-
cash
changes
£
-
(51,124)
611,466		 327,635
283,831
560,342 611,466
Cash flows
£
(51,124)		 At 31
March
2025
£
560,342
611,466 (51,124) - 560,342

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Tower Hamlets Council For Voluntary Service Ltd Notes to The Financial Statements For the year ended 31 March 2025

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - (Charities SORP FRS 102) and the Companies Act 2006.

The charitable company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

Going concern

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

Income

Donations income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance for the provision of specified service is deferred until the criteria for income recognition are met.

Investment income is recognised when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest or dividends paid or payable by the investment fund

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure on charitable activities includes the costs of delivering services, exhibitions and other activities undertaken to further the purposes of the charity and their associated support costs.

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. These costs have been allocated between expenditure on charitable activities on the basis of the staff time spent on the activity.

Fund accounting

Unrestricted funds are available to spend at the discretion of the trustees on activities that further any of the purposes of charity. Restricted Funds are restricted income funds given to the charity for specific purposes. They are expendable by the trustees in furtherance of particular projects within the charity objects.

Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £1,000. Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Office equipment 33% straight line basis on cost Computer equipment 33% straight line basis on cost

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Tower Hamlets Council For Voluntary Service Ltd Notes to The Financial Statements For the year ended 31 March 2025

1 Accounting policies (continued)

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in the year.

2 Detailed comparatives for the statement of financial activities

Income from:
Charitable activities:
To promote and train for public benefit
Investment income
Total incoming resources
Resources expended:
Charitable activities:
To promote and train for public benefit
Total resources expended
Net incoming/(outgoing) resources before transfers
Transfers between funds
Net incoming/(outgoing) resources
Reconciliation of funds
Total funds brought forward at start of the period
Total funds carried forward at end of the period		 Unrestricted
Funds
£
238,119
57
238,176
188,664
188,664
49,512
-
49,512
167,221
216,733		 Restricted
Funds
£
734,186
-
734,186
698,993
698,993
35,193
-
35,193
25,164
60,357		 Total
2024
£
972,305
57
972,362
887,657
887,657
84,705
-
84,705
192,385
277,090

Page | 19

Tower Hamlets Council For Voluntary Service Ltd Notes to The Financial Statements For the year ended 31 March 2025

3
Income from charitable activities
Unrestricted
Funds
To promote and train for public benefit
£
London Borough of Tower Hamlets - Core Gran
-
LBTH – Disparities Project
10,092
LBTH – Equalities Hub
18,894
LBTH - (Local Community Fund)
-
LBTH
13,500
VCSE Collaborative
-
National Lottery - Cornerstone Fund
-
London Ambulance NHS Trust
10,000
National Lottery - Flourishing Communities
-
THT
112,381
Neighbourhood Forums
-
Queen Mary University
14,335
Mercers
-
Loneliness Coalition
8,399
Societe Generale UK Foundation
-
Consultancy
16,340
Others
823
Community Resilience
-
Training income
850
AHRC
-
HDRC
-
205,614
4
Investment income
Unrestricted
Funds
£
Bank Interest
881
881		 Restricted
Funds
£
8,503
-
-
-
3,000
228,999
142,372
-
167,511
-
112,249
-
16,442
-
-
-
-
6,000
-
-
100,286
785,362
Restricted
Funds
£
-
-		 Total
2025
£
8,503
10,092
18,894
-
16,500
228,999
142,372
10,000
167,511
112,381
112,249
14,335
16,442
8,399
-
16,340
823
6,000
850
-
100,286
990,976
Total
2025
£
881
881		 Total
2024
£
151,667
39,908
51,280
22,000
-
51,001
226,414
-
151,391
100,286
44,717
10,825
8,300
4,000
1,520
-
-
10,752
98,244
972,305
Total
2024
£
57
57

Page | 20

Tower Hamlets Council For Voluntary Service Ltd Notes to The Financial Statements For the year ended 31 March 2025

5
Analysis of expenditure
Current year
Unrestricted
Restricted
£
£
Direct Service Delivery
30,781
325,986
Salaries
76,751
235,254
Other staff costs
8,523
2,626
Premises costs
-
-
Office costs
-
-
Legal & professional
-
-
IT & software
-
-
Marketing & subsc
-
-
Independent examination fees
-
-
Governance
-
-
116,055
563,866
Support costs allocation
131,617
36,514
247,672
600,380
Analysis of expenditure
Prior year
Unrestricted
£
Direct Service Delivery
55,988
Salaries
83,894
Other staff costs
2,722
Premises costs
-
Office costs
-
Legal & professional
-
IT & software
-
Marketing & subsc
-
Independent examination fees
-
Governance
-
142,604
Support costs allocation
46,060
188,664		 Support
Costs
£
-
72,979
-
37,317
5,132
36,519
9,395
1,623
2,800
2,366
168,131
(168,131)
-
Restricted
£
351,979
256,200
131
-
-
-
-
-
-
-
608,310
90,683
698,993		 Total
2025
£
356,767
384,984
11,149
37,317
5,132
36,519
9,395
1,623
2,800
2,366
848,052
-
848,052
Support
Costs
£
-
36,511
-
36,905
3,555
45,283
6,217
3,675
2,000
2,597
136,743
(136,743)
-		 Total
2024
£
407,967
376,605
2,853
36,905
3,555
45,283
6,217
3,675
2,000
2,597
887,657
-
887,657
Total
2024
£
407,967
376,605
2,853
36,905
3,555
45,283
6,217
3,675
2,000
2,597
887,657
-
887,657

Page | 21

Tower Hamlets Council For Voluntary Service Ltd Notes to The Financial Statements For the year ended 31 March 2025

6
Net income/ (expenditure) for the year
Net income/ (expenditure) is stated after charging:
Independent examiner's fee (excluding VAT)
Depreciation
7
Wages and salaries
Social security costs
Pension costs
Redundancy and termination costs
Analysis of staff costs, trustee
remuneration and expenses and cost of		 2025
£
2,000
1,965
2025
£
340,948
28,511
15,525
-
384,984		 2024
£
1,667
2,060
2024
£
326,602
29,391
18,464
2,148
376,605

1 member of staff received emoluments of more than £60,000 in this year (2024: 1)

The total employee benefits including employer National Insurance and pension contributions of the key management personnel were £76,483 (2024: £74,219).

The average monthly numbers of employees during the year was 9 (2024 : 9).

The trustees of the charitable company were not paid or received any other benefits from employment with the charity in the year (2025: £nil) neither were they reimbursed expenses during the year (2025: £nil). No charity trustee received payment for professional or other services supplied to the charity (2025: £nil).

8 Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

9
Tangible Fixed Assets
Cost
At 1 April 2024
Additions in the period
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the period
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Furniture
Fixture
£
180
-
180
180
180
-
-		 Computer
Equipment
£
9,811
1,417
11,228
6,933
1,965
8,898
2,330
2,878		 Office
Equipment
£
2,172
-
2,172
2,172
2,172
-
-		 Total
£
12,163
1,417
13,580
9,285
1,965
11,250
2,330
2,878

Page | 22

Tower Hamlets Council For Voluntary Service Ltd Notes to The Financial Statements For the year ended 31 March 2025

10
Debtors
Trade Debtors
Accrued Income
Other Debtors and prepayments
11
Creditors: Amounts falling due within one year
Trade creditors including taxation and social security
Other creditors/Pension
Accruals
Deferred income
Deferred Income:
Balance at the beginning of the year
Amount released to income in the year
Amount deferred in the year
Balance at the end of the year
12
Analysis of Net Assets between Funds
Current year
General
Funds
£
Tangible fixed assets
2,330
Current assets
223,395
Current liabilities
(50,169)
175,557
Analysis of Net Assets between Funds (prior year)
General
Funds
£
Tangible fixed assets
2878
Current assets
264311
Current liabilities
(50,455)
216,734		 10
Debtors
Trade Debtors
Accrued Income
Other Debtors and prepayments
11
Creditors: Amounts falling due within one year
Trade creditors including taxation and social security
Other creditors/Pension
Accruals
Deferred income
Deferred Income:
Balance at the beginning of the year
Amount released to income in the year
Amount deferred in the year
Balance at the end of the year
12
Analysis of Net Assets between Funds
Current year
General
Funds
£
Tangible fixed assets
2,330
Current assets
223,395
Current liabilities
(50,169)
175,557
Analysis of Net Assets between Funds (prior year)
General
Funds
£
Tangible fixed assets
2878
Current assets
264311
Current liabilities
(50,455)
216,734		 Designated
Funds
£
-
-
-
-
Designated
Funds
£
-
-
-
-		 2025
£
53,180
6,667
15,519
75,366
2025
£
22,169
1,762
4,200
189,012
217,143
2025
£
320,830
(320,830)
189,012
189,012
Restricted
Funds
£
-
412,311
(166,974)
245,338
Restricted
Funds
£
-
386,100
(325,744)
60,356		 2024
£
-
35,592
3,353
38,945
2024
£
49,309
2,620
3,440
320,830
376,199
2024
£
200,090
200,090
-
320,830
320,830
Total
2025
£
2,330
635,707
(217,142)
420,895
Total
2024
£
2,878
650,411
(376,199)
216,734 277,090

Page | 23

Tower Hamlets Council For Voluntary Service Ltd Notes to The Financial Statements For the year ended 31 March 2025

13 Movements in Funds

At 1 April
2024
Restricted Funds
£
LBTH Core Grant
-
LBTH
-
Play Association TH (PATH)
2,250
5,096
Neighbourhood Forums
10,827
VCSE Collaborative
-
HDRC
-
National Lottery - Cornerstone F
42,184
Mercers
-
Community Resilience
60,356
Unrestricted Funds
General funds
216,734
Designated Funds - Other
-
Total unrestricted funds
216,734
Total Funds
277,090
Movements in Funds (prior year)
At 1 April
2023
Restricted Funds
£
LBTH Core Grant
-
Play Association TH (PATH)
6,000
-
Neighbourhood Forums
-
VCSE Collaborative
-
AHRC
-
HDRC
-
National Lottery - Cornerstone F
19,164
25,164
Unrestricted Funds
General funds
147,221
Designated Funds - Other
20,000
Total unrestricted funds
167,221
Total Funds
192,385
National Lottery - Flourishing
Communities
National Lottery - Flourishing
Communities		 £
8,503
3,000
-
167,511
112,249
228,999
100,286
142,372
16,442
6,000
785,362
206,495
-
206,495
991,857
£
151,667
-
151,391
44,717
51,001
10,752
98,244
226,414
734,186
238,176
-
238,176
972,362
Income &
gains
Income &
gains		 £
(8,503)
-
(2,250)
(152,565)
(81,506)
(89,961)
(100,286)
(156,160)
(8,451)
(700)
(600,380)
(247,672)
-
(247,672)
(848,052)
£
(151,667)
(3,750)
(146,295)
(33,890)
(51,001)
(10,752)
(98,244)
(203,394)
(698,993)
(188,664)
-
(188,664)
(887,657)
Expenditure
& losses
Expenditure
& losses		 £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
£
-
-
-
-
-
-
-
20,000
(20,000)
-
-
Transfers
Transfers		 At 31 March
2025
£
-
3,000
-
20,042
41,570
139,038
-
28,396
7,991
5,300
245,338
175,557
-
175,557
420,895
At 31 March
2024
£
-
2,250
5,096
10,827
-
-
-
42,184
60,356
216,734
-
216,734
277,090

Page | 24

Tower Hamlets Council For Voluntary Service Ltd Notes to The Financial Statements For the year ended 31 March 2025

13 Movements in Funds (continued)

Restricted funds are for the following purposes:

London Borough of Tower Hamlets (LBTH Core Grant ) – Our main Infrastructure and Capacity Building grant agreement which enables us to carry out our charitable activities with the volunteer and community organisations in the borough.

Path - Play Association Tower Hamlets: funds to be used in developing a voluntary sector Play Partnership in Tower Hamlets.

National Lottery Community Fund - Cornerstone project, changing how Council and health & care services involve diverse communities, to inform better service provision which addresses inequalities of outcomes within service systems, particularly through Equalities Impact Assessments.

Neighbourhood Forums – A one-year pilot funded by Tower Hamlets Together to develop a model of Neighbourhood Forums in two Primary Care Networks, to facilitate resident input into decision making processes in health systems .

VCSE Collaborative – Three-year funding from NHS North East London (NEL) to develop the VCSE Collaborative to ensure the active participation of the ICB and of the voluntary & community sector across NEL.

AHRC – Funding from the Arts & Humanities Research Council to build a Well Communities Research Consortium to address health disparities through Integrated Care Systems

HDRC – A five-year partnership with Queen Mary University of London, London Metropolitan University, University of East London and the London Borough of Tower Hamlets, to make Tower Hamlets a ‘go to’ place to conduct high quality, collaborative, impactful health research, including proactive in-reach to the VCS, and co-production to support public involvement.

14 Company Status

Tower Hamlets Council for Voluntary Service is a company limited by guarantee and has no share capital. Each member is liable to contribute a sum not exceeding £1 in the event of the charity being wound up.

15 Related party transactions

There are no related party transactions to disclose for the year (2025: none).

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties. There is no balance due to/from related parties at the end of the year.

Page | 25